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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (3104)	1/5/2001 5:14:48 PM
From: hobo	Read Replies (1) \| Respond to of 33421

So instead of repeating them here, let's get philosophical. Because that's what economics is, really, a philosophy of human nature and behavior. And after a century of trial, error and more error, it's clear that the business cycle is a hard-wired part of the human psyche, rather than some act of God, like an earthquake or flood. Yes, yes ! thank you for saying that. ------> and I would venture to add, "at times, guided by irrational accounting practices, or irresponsible financial forecasting" --add a band of political lunatics with wild tongues and bingo !! perfect definition of "The Economy" And only then, when the risk-taking side of the American psyche has been seriously slapped around, will the fun start again. true. however... we could have fun on the short side no ? excellent post ! i enjoy reading your analysis John.